The following stood out from the press release about the report “Total spending by visitors in 2022 outpaced the prior year by 24.4 percent and the 2019 total by 21.8 percent.”
Earnings season is almost here. This reporting period is when casino corporations report first-quarter earnings. The companies will also share some plans moving forward. Though, wouldn’t you rather dream of a new Tiki Bar in Las Vegas?
Let’s kick off this week’s edition of Vegas News with some information about the average visitor to Las Vegas in 2022 (Vegas Visitor Data). The Las Vegas Convention and Visitors Authority’s (LVCVA) annual Visitor Profile is a small sample snapshot of visitors to Las Vegas.
Yep, another Las Vegas Grand Prix Update. There’s a large international following for F1, and the sport fascinates me. The intrigue is as much off the track as it is race related. The business angle is particularly interesting – especially as it relates to Las Vegas.
MGM was in the news for a few reasons last week. You already know about the MGM Rewards tier accelerator we slid into Vegas News before posting last week. This week? MGM New F1 Package.
Caesars didn’t have much information beyond finances during its earnings call. Here’s a quick overview of what the company discussed about Las Vegas. Oh, and a last-minute addition about a new promotion MGM Rewards Daily Tier Status Accelerator, which somewhat mimics the current Caesars Rewards Loyalty Program Daily Tier Promotion.
MLB at Rio? Evidently, Dreamscape has been in super duper top-secret discussions with the Oakland A’s for a few years about building a new stadium on vacant land and we’re just hearing about it now. Sounds legit.
The casino biz was abuzz with casino earnings last week, with MGM Resorts, Red Rock, and Wynn reporting. As expected, all had very good financial results for the fourth quarter and the full year in 2022.
Two new Las Vegas casinos are opening or have opened this week depending on when you read this. Chances are few tourists will take the trip to visit more than one but new casinos are always fun so let’s take a look. Of course, don’t miss the news below about MGM Tier Match downgrades, which is a huge topic of conversation in the casino and travel loyalty world.
Last week, I made my first trip to downtown Las Vegas this year and loved it. This is somewhat monumental, as I regularly visited this part of town when I first moved to Las Vegas. Station Casinos Downtown Wildfire Casino is opening on February 10.
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